Rampart Investment Management Company LLC raised its position in Ventas, Inc. (NYSE:VTR) by 691.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,160 shares of the real estate investment trust’s stock after buying an additional 26,348 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Ventas were worth $1,718,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Advisors LLC grew its position in shares of Ventas by 5,960.6% in the second quarter. Legacy Advisors LLC now owns 2,000 shares of the real estate investment trust’s stock valued at $115,000 after purchasing an additional 1,967 shares in the last quarter. Howe & Rusling Inc. grew its position in shares of Ventas by 591.7% in the second quarter. Howe & Rusling Inc. now owns 2,338 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 2,000 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Ventas by 354.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 2,341 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Ventas in the second quarter valued at $188,000. Finally, Centaurus Financial Inc. purchased a new position in shares of Ventas in the first quarter valued at $170,000. Hedge funds and other institutional investors own 84.48% of the company’s stock.
In other news, EVP T Richard Riney sold 13,708 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $60.00, for a total value of $822,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Debra A. Cafaro sold 30,942 shares of the company’s stock in a transaction dated Tuesday, July 3rd. The stock was sold at an average price of $58.00, for a total value of $1,794,636.00. Following the completion of the transaction, the chairman now owns 775,109 shares of the company’s stock, valued at $44,956,322. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
Ventas stock opened at $58.85 on Friday. Ventas, Inc. has a 52 week low of $46.55 and a 52 week high of $69.92. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $21.43 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 3.93 and a beta of 0.12.
Ventas (NYSE:VTR) last posted its earnings results on Friday, July 27th. The real estate investment trust reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.06. Ventas had a return on equity of 5.02% and a net margin of 34.00%. The business had revenue of $942.30 million during the quarter, compared to analysts’ expectations of $919.95 million. During the same period in the previous year, the business earned $0.42 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. equities research analysts predict that Ventas, Inc. will post 4.05 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on VTR shares. Evercore ISI cut Ventas from an “in-line” rating to an “underperform” rating in a research report on Monday, May 21st. Cantor Fitzgerald started coverage on Ventas in a research report on Sunday, June 3rd. They issued a “neutral” rating and a $56.00 price target for the company. SunTrust Banks reiterated a “hold” rating and issued a $58.00 price target on shares of Ventas in a research report on Tuesday, July 31st. TheStreet upgraded Ventas from a “c+” rating to a “b-” rating in a research report on Thursday, July 5th. Finally, Bank of America lifted their price target on Ventas from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, July 10th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $57.07.
Ventas Company Profile
Ventas, Inc, an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,200 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, inpatient rehabilitation and long-term acute care facilities, health systems and skilled nursing facilities.
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